Ensign Energy Services Inc. · TSX:ESI

Ensign Energy Services — Investor Presentation (September 2013)

32 slides from Ensign Energy Services's investor presentation, September 2013

  1. Slide 1: Corporate Presentation

    Corporate Presentation September 2013

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements based upon current expectations that involve a number of business risks and uncertainties. The factors that could cause results to differ materially include, but are not limited to, national and economic conditions, foreign exchange ra

  3. Slide 3: Ensign Delivers

    Ensign Delivers Companies that bring forward cost cutting solutions for their clients are those that will grow and succeed!

  4. Slide 4: Current Operations

    Current Operations Canada United States Kurdistan Libya Oman Venezuela Australia Gabon New Zealand Argentina

  5. Slide 5: Diversified Services – by Revenue

    Diversified Services – by Revenue Drill Rigs Service Rigs Directional Drilling Frac Flowback Units Core Rigs / Services Oilfield Rentals Other: - MPD / UBD Packages - Wireline Units - Transportation

  6. Slide 6: Strong Presence in North American Resource Plays

    Strong Presence in North American Resource Plays 237 Horn River Montney Oil Sands Cardium Drill Rigs Bakken Utica United States Canada San Jonah Joaquin Niobrara Basin Piceance Marcellus Granite Woodford Wash 120 Monterey Barnett Haynesville 117 Tuscaloosa Permian Eagle Ford As at June 30, 2013 * Ex

  7. Slide 7: Substantial & Growing International Presence

    Latin/South America, Australasia Middle East - North Africa 53 Substantial & Growing International Presence MENA Drill rigs – 15 Drill Rigs Venezuela Drill rigs – 7 Workover rigs – 1 New Zealand Australia Drill rigs – 15 Drill rigs – 2 Workover rigs – 2 Workover rigs – 1 Argentina Drill rigs – 8 Wor

  8. Slide 8: Service Rigs

    Service Rigs 136 Horn River Montney Oil Sands Service Rigs Cardium Bakken Utica United States Canada Niobrara San Jonah Joaquin Piceance Basin Granite Marcellus Wash Woodford 44 Monterey Barnett Haynesville Tuscaloosa 92 Permian Eagle Ford As at June 30, 2013

  9. Slide 9: Frac Flowback Units - Opsco

    Frac Flowback Units - Opsco 95 Horn River Montney Oil Sands Frac-Flowback Cardium Units Bakken Utica United States Canada San Niobrara Jonah Joaquin Basin Piceance Granite Marcellus Wash Woodford Monterey Barnett Haynesville 46 49 Tuscaloosa Permian Eagle Ford As at June 30, 2013

  10. Slide 10: Directional Drilling Services

    Directional Drilling Services 81 Kits Directional and horizontal Vertical United States Canada Ensign Directional Drilling Services Growth 80% 100 70% 80 # Kits (Ensign) 60% 60 32 50% 40 49 40% 30% 20 20% 0 2008 2009 2010 2011 2012 2013 As at June 30, 2013

  11. Slide 11: Core Rigs & Services

    Core Rigs & Services Oil Sands 30 Core Rigs As at June 30, 2013

  12. Slide 12: Managed Pressure Drilling

    Managed Pressure Drilling Flow control at surface  1700 wells experience  Lower well costs  Safer operations

  13. Slide 13: Rental Divisions

    Rental Divisions Grande Prairie, AB Nisku, AB Peace River, AB Red Deer, AB Whitecourt, AB Brooks, AB Edson, AB Oxbow, SK Williston, ND Denver, CO Bakersfield, CA

  14. Slide 14: Ensign continues to lead technical innovation

    Ensign continues to lead technical innovation 100% Growth of ADR® type rigs continues around the world. % Fleet 50% 0%

  15. Slide 15: Ensign – The Technology Innovator ADR®

    Ensign – The Technology Innovator ADR® Drill Faster Data shows continuous weight on bit reduces drill times 20% Drill Farther Smooth transfer of weight on bit and oversized pumps allow the bit to get out further Move Quicker Time-motion studies for rig up-tear out have provided new opportunities to

  16. Slide 16: Natural Gas Powered Rigs

    Natural Gas Powered Rigs  Reduced emissions 30%  Reduced fuel costs  Improve domestic energy security CNG PG LNG Natural gas is a viable cost effective fuel alternative for land rigs that reduces emissions by up to 30%.

  17. Slide 17: Highly Trained Crews ADR® Simulator

    Highly Trained Crews ADR® Simulator

  18. Slide 18: ADR Automated Drill Rig

    ADR ENSIGN] Automated Drill Rig 750 HP 1000 HP 1500 HP Bolalaleamuln j 41 2000 HP “Performance Excellence — Second to None” | ADR | ‘Automated Drill Rig

  19. Slide 19: High Quality Fleet – Designed by Ensign, for Ensign

    High Quality Fleet – Designed by Ensign, for Ensign  Ensign has been built for the long-term. The Company and its fleet of oilfield services equipment is maintained to the highest standards  Ensign has in-house engineering expertise to design and construct rigs at “wholesale” cost  The Company ha

  20. Slide 20: Safety Awareness

    Safety Awareness 10 25 9.09 M Manhours LTI Freq TRI Freq 9 8 20 7.09 7.13 7 Injury Frequency (200,000 man hours) 6 5.57 15 Man Hours 5 4.65 4.00 4 10 3.21 3.11 3 2.45 2.21 2 1.75 5 1.46 1.36 1.23 1.14 0.86 0.70 1 0.47 0.56 0.63 0.49 0.41 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Q2 13

  21. Slide 21: Trading Data

    Trading Data  TSX: ESI  Common shares outstanding 153.3 million  Market capitalization $2.7 billion  Dividends: 17% compound annual growth rate since 1995  2008 $0.3325 per share  2009 $0.3425 per share  2010 $0.3575 per share  2011 $0.3900 per share  2012 $0.4250 per share

  22. Slide 22: Dividends per Common Share

    Dividends per Common Share $0.45 $0.40 $0.35 $0.30 $0.25 $0.20 $0.15 $0.10 $0.05 $0.00 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

  23. Slide 23: Debt to Equity

    Debt to Equity $ millions, years ended December 31 2,000 Debt (Excludes revolving operating facility) 1,800 Equity 1,600 1,400 1,200 1,000 800 600 400 200 0 2008¹ 2009¹ 2010 2011 2012 1 Not restated for IFRS

  24. Slide 24: Revenue - Geographic Segmentation

    Revenue - Geographic Segmentation Year ended December 31, 2012 22% 35% Canada United States International 43%

  25. Slide 25: Revenue

    Revenue $ millions, years ended December 31 2,500 2,000 1,500 1,000 500 0 2009¹ 2010 2011 2012 2013e² 1 Not restated for IFRS 2 Estimate based on range of analysts forecasts

  26. Slide 26: EBITDA

    EBITDA $ millions, years ended December 31 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 2009¹ 2010 2011 2012 2013e² 1 Not restated for IFRS 2 Estimate based on range of analysts forecasts

  27. Slide 27: Income

    Income $ millions, years ended December 31 350 300 250 200 150 100 50 0 2009¹ 2010 2011 2012 2013e² 1 Not restated for IFRS 2 Estimate based on range of analysts forecasts $ per share 0.79 1.12 2.25 1.64 1.70 0.82 0.78 1.39 1.42 1.01 - 1.21

  28. Slide 28: Return on Equity

    Return on Equity Percent, years ended December 31 25 20 15 10 5 0 2009¹ 2010 2011 2012 2013e² 1 Not restated for IFRS 2 Estimate based on range of analysts forecasts

  29. Slide 29: Financial Summary

    Financial Summary $ millions, three and six months ended June 30 2nd Quarter Year-to-Date % % 2013 2012 change 2013 2012 change Revenue 437.9 463.9 (6) 1,019.0 1,141.5 (11) EBITDA 85.7 89.6 (4) 250.1 304.5 (18) Income 3.3 18.7 (82) 68.3 124.2 (45) Per share $0.02 $0.12 (83) $0.45 $0.81 (44) Cash flo

  30. Slide 30: Future Growth Strategy

    Future Growth Strategy  Consolidation opportunities  Organic expansion  Differentiate with technology and operational excellence  Expand complementary services

  31. Slide 31: Ensign is positioned globally as a resource-play solution provider

    Ensign is positioned globally as a resource-play solution provider. Our goal is to drive well cost down through application of technology and use of competent and professional crews.

  32. Slide 32: ensignenergy.com – Thank You

    ensignenergy.com Thank You

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